Bayforest Capital Ltd Makes New Investment in Sensata Technologies Holding N.V. (NYSE:ST)

Key Points

• Bayforest Capital Ltd acquired 16,003 shares of Sensata Technologies, valued at approximately $388,000, in the first quarter, reflecting growing institutional interest in the company.
• Analysts have adjusted price targets for Sensata Technologies, with Wells Fargo raising its target from $30 to $33, indicating a general optimism among major financial institutions.
• Sensata Technologies will pay a quarterly dividend of $0.12 per share on August 27th, with an annualized yield of 1.6%, showcasing its commitment to returning value to shareholders despite recent revenue declines.

Bayforest Capital Ltd acquired a new stake in shares of Sensata Technologies Holding N.V. (NYSE:ST - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,003 shares of the scientific and technical instruments company's stock, valued at approximately $388,000.

A number of other large investors have also recently made changes to their positions in ST. Norges Bank acquired a new position in Sensata Technologies during the fourth quarter valued at $48,580,000. Principal Financial Group Inc. lifted its position in Sensata Technologies by 0.5% during the first quarter. Principal Financial Group Inc. now owns 344,296 shares of the scientific and technical instruments company's stock valued at $8,356,000 after purchasing an additional 1,578 shares during the period. Crossmark Global Holdings Inc. lifted its position in Sensata Technologies by 184.8% during the first quarter. Crossmark Global Holdings Inc. now owns 49,447 shares of the scientific and technical instruments company's stock valued at $1,200,000 after purchasing an additional 32,084 shares during the period. Brown Advisory Inc. lifted its position in Sensata Technologies by 3.1% during the first quarter. Brown Advisory Inc. now owns 1,396,402 shares of the scientific and technical instruments company's stock valued at $33,891,000 after purchasing an additional 42,423 shares during the period. Finally, Invesco Ltd. lifted its position in Sensata Technologies by 19.4% during the fourth quarter. Invesco Ltd. now owns 326,180 shares of the scientific and technical instruments company's stock valued at $8,937,000 after purchasing an additional 53,034 shares during the period. 99.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sensata Technologies

In other Sensata Technologies news, Director Andrew C. Teich bought 9,925 shares of Sensata Technologies stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the acquisition, the director directly owned 41,117 shares in the company, valued at $1,035,737.23. This represents a 31.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ST. Bank of America upped their price objective on shares of Sensata Technologies from $27.00 to $32.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Evercore ISI upped their price objective on shares of Sensata Technologies from $27.00 to $30.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group upped their price objective on shares of Sensata Technologies from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Truist Financial upped their price objective on shares of Sensata Technologies from $27.00 to $35.00 and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird decreased their price objective on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Sensata Technologies presently has a consensus rating of "Hold" and an average target price of $34.64.

Sensata Technologies Price Performance

Shares of ST traded up $0.06 during mid-day trading on Monday, hitting $29.99. 335,431 shares of the company were exchanged, compared to its average volume of 1,787,181. Sensata Technologies Holding N.V. has a 1-year low of $17.32 and a 1-year high of $39.04. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.94 and a current ratio of 2.71. The company has a 50 day moving average of $29.73 and a 200-day moving average of $26.85. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 39.99, a price-to-earnings-growth ratio of 1.18 and a beta of 1.14.

Sensata Technologies (NYSE:ST - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The scientific and technical instruments company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.03. Sensata Technologies had a net margin of 2.97% and a return on equity of 16.88%. The company had revenue of $943.38 million during the quarter, compared to analysts' expectations of $928.25 million. During the same quarter in the prior year, the company earned $0.93 EPS. Sensata Technologies's revenue was down 8.9% compared to the same quarter last year. Analysts expect that Sensata Technologies Holding N.V. will post 3.21 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. Sensata Technologies's dividend payout ratio (DPR) is presently 64.00%.

Sensata Technologies Company Profile

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.